Value Microcaps Motherboard

[MikeDDKing]

Ameritrade Trading of Canadian Stocks/Executions

I was having a problem today purchasing some BWLRF stock using Ameritrade. I has a bid that was .001 higher than the ask but it was not executing. After it sat there for 5 - 10 minutes without trading I called Ameritrade. What they told me was that dual listed stocks get sent to the Canadian exchange instead of the OTCBB. I'm not sure if this happens all of the time or it was just in this case. I forgot to ask. The level 2 information applies to the OTCBB and not TSX. So, even though it looked like it should trade on the OTCBB, it was not trading because it was sent to the TSX. I also found out that if I specify INET for routing it will force the trade to go to the OTCBB instead of the TSX. I'm not sure if there is a way to force it to go to TSX. Maybe specifying automatic does that.

I've noticed more issues with execution lately with Ameritrade as has been reported on this board. Whenever I am having an execution problem I call up Ameritrade and complain and they find out what is going on. So far, they have always taken care of me.

I like the fact that Ameritrade will trade the stock on the Canadian exchanges with the standard commission rate. It provides more liquidity which is nice for us in microcap land.

Mike